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NABARD Grade A Examination: This exam is conducted by the bank almost every year to recruit Grade-A Officers (Assistant Managers in Group 'A') for its Rural Development Banking Services (RDBS) and Rajbhasha Services. [36] NABARD Grade-B Examination: This exam is conducted to recruit Grade-B Officers (Managers in Group 'A'). However, its ...
Patel is an economist who worked with the IMF and the central government. He served as the deputy governor of RBI prior to becoming the governor. His governorship oversaw the demonetization of ₹500 and ₹1000 banknotes. He later resigned citing personal reasons. [6] [7] [8] 25 Shaktikanta Das: 12 December 2018 — 11 December 2024 5 years ...
B.K. Madan 1 July 1964 31 January 1967 2 years, 214 days Economist Chairman of IDBI Bank [1] [2] [3] 18 B. N. Adarkar: 16 June 1965 3 May 1970 4 years, 321 days Economist Governor of the Reserve Bank of India [1] [2] [3] 19 A. Bakshi 24 January 1967 8 September 1969 2 years, 227 days [1] [2] [3] 20 J.J. Anjaria 1 February 1967 28 February 1970
The RBI regulates this ratio so as to control the amount a bank can lend to its customers. For example, an individual wants to buy a car using borrowed money and the car's value is ₹1 million. If the LTV is set to 70% he can borrow a maximum of ₹700,000. The RBI can decrease or increase to curb inflation or deflation respectively.
After his first day at office, the rupee rose 2.1% against the US dollar. As Governor of the RBI, Rajan made curbing inflation his primary focus, bringing down retail inflation from 9.8% in September 2013 to 3.78% in July 2015 – the lowest since the 1990s. Wholesale inflation came down from 6.1% in September 2013 to a historic low of -4.05% ...
On 19 January 2011, Anand Sinha was appointed as deputy governor of RBI for a period of two years. [3] His appointed was extended for a further period of 11 months till 18 January 2014. This extension was given to Sinha to smoothen the process of issue of new bank licences, an area being handled by him as the deputy governor in charge of ...
Duvvuri Subbarao (born 11 August 1949) [2] is an Indian economist, Central Banker, and retired IAS officer.He was the 22nd Governor of Reserve Bank of India, served under Prime Minister Dr. Manmohan Singh.
Section 22 states that only the RBI has the exclusive rights to issue currency notes in India. Section 24 states that the maximum denomination a note can be is ₹ 10,000 (US$120). Section 26 of Act describes the legal tender character of Indian bank notes. Section 28 allows the RBI to form rules regarding the exchange of damaged and imperfect ...